Search
606 E 51st St, Los Angeles, CA 90011
Image 2 for 606 E 51st St, Los Angeles, CA 90011
Image 3 for 606 E 51st St, Los Angeles, CA 90011
View Photos

606 E 51st St Los Angeles, CA 90011

$1,400,000
  • 3056 Beds
  • 3056 Baths
  • 2,870 Sq.Ft.
Back Up Offer
$1,400,000 Get Pre-Qualified
Map preview of 606 E 51st St, Los Angeles, CA 90011

Property Overview: 606 E 51st St Los Angeles, CA has 3056 bedrooms, 3056 bathrooms, 2,870 living square feet and 9,937 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The Avalon Park Development, a 9,937SF C2, Tier 1 TOC development site is located within the heart of South LA, across the street from the 20-acre South Park that encompasses walking paths, a baseball diamond (lighted), basketball courts (lighted), and a seasonal pool. 606 E 51st St provides a developer with the opportunity to build up to a maximum of 38 units (Buyer to verify). The property is 80 feet in width and 125 feet in depth, with a 15-foot wide alley on the East property line. The property is currently improved with 6 detached bungalow structures; all one-bedroom + one-bathroom units. With the existing rents, the property presently provides a value-add investor with over 90+% of rental upside. Contact the listing broker today for additional information.

Listed by Shahram Shamounpour | BRE #02122389 | Keller Williams Realty Westside
Last checked: 11 minutes ago | Last updated: January 24th, 2023 | Source CRMLS | DOM: 437
Get a $4,200 Cash Reward New

Buy this home with Ardent Real Estate Group and get $4,200 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
9,937
HOA Dues
$0/mo
Year built
1915
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
23234037
City
Los Angeles
County
Los Angeles
Time on Site
478 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 6
Unit Breakdown 1
  • # of Units: 616
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $885
  • Total Rent: $885
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 606
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $876
  • Total Rent: $876
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 608
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $876
  • Total Rent: $876
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 612
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $920
  • Total Rent: $920
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 614
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $920
  • Total Rent: $920
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18
  • Gross Scheduled Income: --
  • Net Operating Income: $54,425
  • Gross Operating Income: $77,750
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 606 E 51st St

No upcoming open houses

Schedule Tour

Property Details for 606 E 51st St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • No
  • Parking Features: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 5103001004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Avalon And 51TH STREET
View more facts & features

Local Los Angeles Agent

Sale History for 606 E 51st St

Last sold for $900,000 on February 19th, 2021

  • January, 2023

  • Jan 24, 2023

    Date

    Back Up Offer

    CRMLS: 23234037

    $1,400,000

    Price

  • Jan 19, 2023

    Date

    Active

    CRMLS: 23234037

    $1,400,000

    Price

  • December, 2022

  • Dec 1, 2022

    Date

    Expired

    CRMLS: 22153619

    $1,400,000

    Price

  • May 5, 2022

    Date

    Active

    CRMLS: 22153619

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    $200K Price Reduction!!! The Avalon Park Development, a 9,937SF C2, Tier 1 TOC development site is located within the heart of South LA, across the street from the 20-acre South Park that encompasses walking paths, a baseball diamond (lighted), basketball courts (lighted), and a seasonal pool. 606 E 51st St provides a developer with the opportunity to build up to a maximum of 38 units (Buyer to verify). The property is 80 feet in width and 125 feet in depth, with a 15 foot wide alley on the East property line.The property is currently improved with 6 detached bungalow structures; all one bedroom + one bathroom units. With the existing rents, the property currently provides a value-add investor with over 90+% of rental upside. Contact the listing broker today for additional information.

  • December, 2022

  • Dec 1, 2022

    Date

    Expired

    CRMLS: 22153613

    $1,400,000

    Price

  • May 5, 2022

    Date

    Active

    CRMLS: 22153613

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    $200K Price Reduction with a 7.63% Proforma CAP!!! The Avalon Park Development, a 9,937SF C2, Tier 1 TOC development site is located within the heart of South LA, across the street from the 20-acre South Park that encompasses walking paths, a baseball diamond (lighted), basketball courts (lighted), and a seasonal pool. 606 E 51st St provides a developer with the opportunity to build up to a maximum of 38 units (Buyer to verify). The property is 80 feet in width and 125 feet in depth, with a 15 foot wide alley on the East property line.The property is currently improved with 6 detached bungalow structures; all one bedroom + one bathroom units. With the existing rents, the property currently provides a value-add investor with over 90+% of rental upside. Contact the listing broker today for additional information.

  • February, 2021

  • Feb 19, 2021

    Date

    Sold

    CRMLS: CV20132084

    $900,000

    Price

  • Feb 16, 2021

    Date

    Pending

    CRMLS: CV20132084

    $1,000,000

    Price

  • Jul 17, 2020

    Date

    Active

    CRMLS: CV20132084

    $1,000,000

    Price

  • Jul 16, 2020

    Date

    Active Under Contract

    CRMLS: CV20132084

    $1,000,000

    Price

  • Jul 7, 2020

    Date

    Active

    CRMLS: CV20132084

    $1,000,000

    Price

  • Listing provided courtesy of CRMLS

    Prime rental location, the first time in the market since 1988, excellent location A six-unit complex. The property sits on a 9,937 square foot parcel with 2,870 square feet of rentable space. Built-in 1915, The property is comprised of six separate structures with one bed/1 bath unit. The gas and electricity are both individually metered. There used to be (6) six parking spaces.

  • February, 2021

  • Feb 19, 2021

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

  • June, 2006

  • Jun 2, 2006

    Date

    Sold (Public Records)

    Public Records

    $665,000

    Price

Show More

Tax History for 606 E 51st St

Assessed Value (2020): $274,516
Year Land Value Improved Value Assessed Value
2020 $144,980 $129,536 $274,516

Home Value Compared to the Market

This property vs the competition

606 E 51st St is listed 12.09% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $487.8 per/sqft which puts the price per square foot 36.98% lower than the median price per square foot for the city of Los Angeles.

About 606 E 51st St

Detailed summary of property

606 E 51st St is a multi family located in Los Angeles, CA 90011 and is currently in escrow to be sold. This multi family property offers 3056 bedrooms, 3056 bathrooms, roughly 2,870 living square feet, and sits on an approximately 9,937 square foot lot. 606 E 51st St was first listed on ArdentRealEstateGroup.com on January 19, 2023. The homeowner is currently asking $1,400,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 12.09% higher than the median priced home. Local competing homes currently for sale include 316 E 61st St, 894 E 35th St and 1402 E 58th St. While the average home in Los Angeles, CA is selling in 93 days, 606 E 51st St has a days on market of 437 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 606 E 51st St Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 606 E 51st St

Public county record property details
Beds
6
Baths
6
Year built
1915
Sq. Ft.
2,870
Lot Size
9,936
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4-5,7
APN
5103-001-004

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$457
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$405
Total Inventory
40
Median Sale to List Price %
104.76%
Avg Days on Market
54
Loan Type
Conventional (33.33%), FHA (25%), VA (0%), Cash (33.33%), Other (8.33%)

Tour This Home

Buy with Ardent Real Estate Group and save $4,200.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $4,200 Cash Reward New

Buy this home with Ardent Real Estate Group and get $4,200 back.

Call/Text (714) 706-1823

Homes for Sale Near 606 E 51st St

Nearby Homes for Sale

625 E 49th St, Los Angeles, CA 90011
$1,148,000
10 Beds
4 Baths
3978 Sq.Ft.
625 E 49th St
Los Angeles, CA 90011
5017 S San Pedro St, Los Angeles, CA 90011
$1,300,000
6 Beds
6 Baths
2720 Sq.Ft.
5017 S San Pedro St
Los Angeles, CA 90011
438 E 56th St, Los Angeles, CA 90011
$1,525,000
7 Beds
4 Baths
2219 Sq.Ft.
438 E 56th St
Los Angeles, CA 90011
4473 Mettler St, Los Angeles, CA 90011
$1,250,000
13 Beds
6 Baths
5182 Sq.Ft.
4473 Mettler St
Los Angeles, CA 90011
982 E 50Th St, Los Angeles, CA 90011
$1,350,000
14 Beds
7 Baths
5503 Sq.Ft.
982 E 50Th St
Los Angeles, CA 90011
Open Today 12pm-3pm
140 E 47th Pl, Los Angeles, CA 90011
$1,599,900
18 Beds
12 Baths
3493 Sq.Ft.
140 E 47th Pl
Los Angeles, CA 90011
136 W 48th St, Los Angeles, CA 90037
$1,680,000
9 Beds
7 Baths
4150 Sq.Ft.
136 W 48th St
Los Angeles, CA 90037
1267 E 56th St, Los Angeles, CA 90011
$1,295,000
6 Beds
5 Baths
2094 Sq.Ft.
1267 E 56th St
Los Angeles, CA 90011

Recently Sold Homes Near 606 E 51st St

653 E 51st St, Los Angeles, CA 90011
$854,000 Last Sold Price
8 Beds
7 Baths
3535 Sq.Ft.
653 E 51st St
Los Angeles, CA 90011
651 E 53rd St, Los Angeles, CA 90011
$750,000 Last Sold Price
5 Beds
2 Baths
1690 Sq.Ft.
651 E 53rd St
Los Angeles, CA 90011
675 E 53rd St, Los Angeles, CA 90011
$495,000 Last Sold Price
4 Beds
2 Baths
1822 Sq.Ft.
675 E 53rd St
Los Angeles, CA 90011
665 E 49th St, Los Angeles, CA 90011
$610,000 Last Sold Price
5 Beds
2 Baths
1787 Sq.Ft.
665 E 49th St
Los Angeles, CA 90011

Related Resources to 606 E 51st St

New Listings in 90011
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Call